Norwegian Grove, MN is located in Hennepin County, just west of Minneapolis. It has two bedroom rent at $980, compared to the US average of $1,430 which makes it an attractive place for people looking for affordable housing. There are many local companies that contribute to the economy of Norwegian Grove such as Avion Solutions Inc., Diversified Component Technologies Inc., and Building Management Systems LLC. The Grocery Cost Index is also favorable in Norwegian Grove compared to other cities with an index score of 99 versus the US average of 100. This along with lower rent make Norwegian Grove an attractive option for those who want to enjoy a more affordable lifestyle.
Norwegian Grove has an unemployment rate of 5.3%. The US average is 6.0%.
Norwegian Grove has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Norwegian Grove
- The Sales Tax Rate for Norwegian Grove is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Norwegian Grove is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Norwegian Grove
- The average income of a Norwegian Grove resident is $31,059 a year. The US average is $28,555 a year.
- The Median household income of a Norwegian Grove resident is $68,333 a year. The US average is $69,021 a year.